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    Capacitor Bank Market Report

    Capacitor Bank Market Report
    Report code - SRCE286 Delivery - 2 Weeks
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    Capacitor Bank Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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    Impact of COVID-19 on Capacitor Bank Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Capacitor Bank Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Capacitor Bank Market is likely to witness a substantial growth at a CAGR of more than 5% during the forecast period. This is largely because of the soaring demand for electricity along with the increased focus of the regulatory board and authorities in order to reduce the line losses. This equipment also helps in increasing the overall power factor. In addition, the capacitor banks are in a very high demand as they help in improving the functioning and efficiency of the supply systems as well as provide voltage stability during extreme loads.

    Capacitor Bank Market – Snapshot

    Growth

    >5% for the next five years

    Major Type

    Open Air Substation

    Dominant Application

    Power Factor Correction

    Region with the highest demand

    Asia Pacific

    Key Players

    Aener Energía, Alpes Technologies, American Superconductor, ARTECHE, circutor.com, Eaton, GE, Hitachi ABB, Schneider Electric, and Siemens.

    Segment Analysis

    Capacitor-Bank-Market-Dominant-Segments

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    Capacitor Bank Market Share: By Voltage Type

    Based on the voltage type, the market is segmented into low [<10 kV], medium [10 kV - 69 kV], and high [>69 kV]. Among these voltages, the medium voltage segment is estimated to account for a high share of the market during the forecast period. This is mainly due to the growing demand for power factor conversion technologies across industrial, commercial, and renewable systems with medium voltage characteristics. These units can be installed across both outdoor and indoor substations for power factor correction, power loss reduction, and voltage support. These capacitor banks can effectually reduce the power factor penalties, which fuel their market demand. Therefore, there is a significantly high demand for medium voltage capacitor banks currently.

    Capacitor Bank Market Share: By Type

    Based on the type, the market is segmented into open air substation, metal enclosed substation, pole mounted, and others. Among these types, the open-air substation is expected to gain the maximum traction in the market, over the forecast period. They are the most commonly used systems, which are deployed across the utility and industrial facilities in order to reduce power losses and improve power quality. Also, there is an increasing demand for open air substations primarily from the renewable sector, which will help boost their market growth in the forthcoming years.

    Capacitor Bank Market Share: By Application Type

    Based on the application type, the market is segmented into power factor correction, harmonic filter, voltage regulation, renewable integration, industrial application, data centers, and others. Among these applications, the power factor correction segment is expected to gain the maximum traction in the market over the forecast period. This is because most of the capacitor banks are deployed across the utilities, so as to enhance or correct the power factor. Moreover, the installation of power factor correction system offers several benefits such as improved grid voltage, increased system capability, lower power losses, and reduced utility bills.

    Capacitor Bank Market Share: By Region

    In terms of regions, the market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among these regions, Asia-Pacific is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the increasing investments towards the electrification of the utility networks and industrial developments. Also, the emerging economies in the region such as China, Indonesia, and India will drive the regional market growth as a result of the increasing investments and upgrade of electrical infrastructure and power capacities.

    Capacitor-Bank-Market-By-Region

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    Market Scope & Segmentation

    Capacitor bank is defined as the combination of several capacitors of similar rating which are fused in series or parallel with one another so as to collect electrical energy. This equipment is primarily used to correct a power factor gap or a phase shift in an AC power supply.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Capacitor Bank Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >180

    Company Profiles

    10

     

    The capacitor bank market is segmented into the following categories. 

    Capacitor Bank Market Size, Share, & Forecast, by Voltage Type:

    • Low [<10 kV] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium [10 kV - 69 kV] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • High [>69 kV] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Capacitor Bank Market Size, Share, & Forecast, by Type:

    • Open Air Substation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Enclosed Substation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pole Mounted (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Capacitor Bank Market Size, Share, & Forecast, by Application Type:

    • Power Factor Correction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Voltage Regulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Renewable Integration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Application (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Data Centers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Capacitor Bank Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Capacitor-Bank-Market-Segmentation

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    Key Players

    Some of the key players in the capacitor bank market are-

    • Aener Energía
    • Alpes Technologies
    • American Superconductor
    • ARTECHE
    • circutor.com
    • Eaton
    • GE
    • Hitachi ABB
    • Schneider Electric
    • Siemens.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the application by types by voltage type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The capacitor bank market is expected to witness an impressive CAGR of more than 5% in the foreseeable future.

    Aener Energa, Alpes Technologies, American Superconductor, ARTECHE, circutor.com, Eaton, GE, Hitachi ABB, Schneider Electric, and Siemens are among the key players in the capacitor bank market.

    Asia-pacific is expected to remain dominant in the capacitor bank market during the forecast period.

    The power factor correction segment is expected to gain the maximum traction in the capacitor bank market over the forecast period.

    The medium voltage segment is expected to account for a high share in the capacitor bank market over the next five years.

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